All posts by: Hector Pollitt

Austerity and the relative success of English football teams

football austerity government spending

The impact of changes to the TV industry, the financial crisis and subsequent period of austerity appear to impact on the relative success of English football teams.
Here, our Director Hector Pollitt combines two of his passions: football and economics and puts forwards some sur…

Estimating the global value of stranded fossil fuel assets

the global value of stranded fossil fuel assetsassets

The momentum behind technological change in the global power and transportation sectors is overwhelming.
Our analysis, published in Nature Climate Change, suggests that between $1tn and $4tn could be wiped off the value of global fossil fuel assets by 2035.

This dramatic dec…

E3ME, endogenous money and Modern Monetary Theory (MMT)

Endogenous Money Modern Monetary Theory (MMT) E3ME

Unlike most other macroeconomic models, ours (E3ME) includes endogenous money as a core feature (including borrowing by government).
This difference is important because it allows us to best predict outcomes that might be encountered by our clients. Find out how…
We get a lo…

What is macroeconomic modelling? And why do we do it?

What is macroeconomic modelling? Why do we use macro economic models?

Hector Pollitt, our Head of Modelling, explores: what is macroeconomic modelling? And why do we do it?
“I am not a fan of economic models because they have all proven wrong.”* David Davis MP, Secretary of State for Exiting the EU, December 2017. Is this the case? Is it rea…

Taxing food and fuel – impacts on poorer households

It is now widely acknowledged that decarbonisation will not be possible without putting a price on carbon. Some economists (and most modellers outside Cambridge Econometrics) even suggest that a carbon price would be sufficient to meet carbon targets.
But in the UK there is a st…

Trump tariffs will not bring back coal

When President Trump announced a tariff on imports of solar panels we immediately ran some figures through our macroeconomic model to assess the impact that the policy might have on the US energy system.
Our analysis shows that Trump’s tariff on solar panel imports, which cam…